What is Dogecoin? How to Buy Dogecoin in India?

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What is Dogecoin? How to Buy Dogecoin in India?
Smriti Razdan
Smriti started her journey by attaining a degree in computer applications. She loves to indulge in reading undiscovered stories only to draw profound explanations about life and its existence. She welcomes you aboard on her expedition of finding herself. Smriti writes her content with a smile on her face hoping to transcend it to her readers.

“Who let the doge out?” Remember this tweet of Elon Musk from a while ago and how crazy everyone went after it. If you don’t understand any of it, that’s alright. Just make sure you read this article on What is Dogecoin?, how to buy Dogecoin in India? and you’ll get answers to most of your questions. 

What started as a joke, turned into something super serious and yet fun at the same time. That’s what got Dogecoin so popular besides the tweets of Elon Musk, Snoop Dog, and many others. The value of Dogecoin was $0.00026 when made in 2013 but today one Dogecoin is $0.5716. This Shiba Inu powered altcoin is based on a meme and was purely meant as a joke on the seriousness of crypto-currencies. The creators just wanted to have some fun seeing how many altcoins there already were and they were like ‘imagine a currency with a dog on it’. So they made it. They gave it a logo, registered, and launched it. That’s how easy it is for anyone to build their crypto-currency.  

What is Dogecoin? How to buy Dogecoin in India?

Dogecoin(code: DOGE, symbol: Ð) is a crypto-currency featuring the face of the Shiba Inu dog (the Doge meme) as its official name and logo. Billy Markus and Jackson Palmer created Dogecoin as a joke before it became a viral sensation and had a value hike of more than 5 times its original value.

To buy Dogecoins, you need to have crypto exchanges, which help you in trading and make it easier for you to understand.  

Understanding crypto-currencies is not a piece of cake. The number of people in this market who have lost their money is greater than the number of people who have gained. The point being made is before investing your money in Dogecoin crypto-currency or any other cryptocurrency you should have good knowledge about the subject and how you could use them. This article is on what is Dogecoin? Is Dogecoin legal in India? How to buy Dogecoin? and Trusted apps to buy Dogecoin in India. 

How to Buy Dogecoin in India? 

Before jumping on this question, there are a few things you need to be clear about. There are several countries that have banned crypto-currencies in their territory. So before buying check if your country is one of them or not, which brings us to our next question.   

Is Dogecoin legal in India? 

How to Buy Dogecoin in India?
Source: The Financial Express

Yes, it is legal in India now. In 2018 the Reserve Bank of India prohibited the exchange of cryptocurrencies. It wasn’t until 2020, India’s Supreme Court struck down the ban on cryptocurrencies by ruling it unconstitutional. It allowed to reverse all the prohibitions made in 2018 and opened all ways for exchanges. 

How to Buy Dogecoin in India?

It is very easy to buy Dogecoin but make sure to research everything in your way to have

Dogecoins. We are going to explain to you how you can buy Dogecoins easily from your mobile in the following steps-

  1. First of all, install an Indian Crypto Exchange application from Play Store or Apple store. 
  2. Create your account by registering. Verify your KYC. Do not forget to enable two-factor authentication to make the app more secure. 
  3. Add your bank account/ UPI details. After doing this you will be able to put some money from your bank account/UPI into the exchange.
  4. Once the money has been deposited, you can use that money in exchange to buy Dogecoins. You can also buy any other cryptocurrency.  

Trusted Apps to Buy Dogecoin in India 

How to buy Dogecoin in India?
Source: YouTube

Talking about money, there are millions of exchanger apps on Google PlayStore but choosing one can be hard for you. Here is a list of the most trusted apps to buy Dogecoin or any other cryptocurrency in India.  

  • 2WinTrade – Mobile app for Traders(4.6★)
  • Investing.com: Stocks, Finance, Markets & News (4.4★)
  • Trust: Crypto & Bitcoin Wallet (4.5★)
  • Traden – Buy Bitcoin with Trusted Exchanges(4.9★)
  • Crypto App- Widgets, Alerts, News, Bitcoin Prices(4.6★)
  • OKEx – Bitcoin/Crypto Trading Platform(4.5★)
  • WazirX –  Bitcoin, Crypto Trading Exchange India(3.0★)
  •  BuyUcoin(4.2★)
  •  CoinDCX(3.9★) 

Dogecoin Price In India

Dogecoin price has risen over ten times in the last three months alone. Massive Growth! The coin has recently been found to be worth 55cents in USD. In India, its price is 49INR today. And it’s growing. 

Frequently Asked Questions

Is it wise to invest in Dogecoin?

Dogecoin was made as a joke, with a very small cost value. With time it had a huge price hike. If you are comfortable in investing money in Dogecoin then you must do it, otherwise don’t.

Can I buy Dogecoin in India?

Yes, you can buy Dogecoin in India from your debit card or credit card or any of your electronic wallets. 

Is free Bitcoin real?

Yes, free Bitcoin is 100% real. You can earn free Bitcoins by consuming some services.  

Final Thought

As exciting and as this crypto share market may seem to you, you should always and foremost do your research before investing your hard-earned money on any of the cryptocurrencies, let alone Dogecoin. We hope this article helped you in understanding Dogecoin. Send us your feedback in the comments section down below and stick around.

Feature Image Credits: The World Financial Review

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